TEPPCO Affiliate Begins Open Season for Proposed Expansion of Chaparral Pipeline

abarrelfullabarrelfull wrote on 14 Jan 2014 11:53

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Feb. 11, 2008

TEPPCO Partners, L.P. (NYSE:TPP) affiliate, Chaparral Pipeline Company, LLC, today announced the start of a binding open season to seek shipper support for a proposed expansion of its 845-mile natural gas liquids (NGL) pipeline originating in the Permian Basin of West Texas and eastern New Mexico. The Chaparral pipeline delivers NGLs to the world's largest NGL fractionation complex in Mont Belvieu, Texas.

The expansion project is designed to increase annual average system capacity by approximately 15,000 barrels per day (BPD) or 20,000 BPD, depending on shipper response to the open season. The expansion would involve upgrading certain pipe sections, and may include installing additional pumping capability at existing pump stations. If there is sufficient shipper commitment, the additional capacity could be available as soon as early 2009.

The open season will begin February 11, 2008, at 12 noon CST and continues until 12 noon CDT March 27, 2008. By April 30, 2008, Chaparral will notify shippers who have submitted an executed Transportation Services Agreement whether or not the expansion project will proceed.

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